Qatar’s exports of Qatar Development Bank in its office in the Kingdom of Saudi Arabia organized the round table event with the participation of 10 Qatari companies, as part of its efforts to enhance the presence of local companies in the Saudi market and support cooperation relations between exporters in the two countries.
The event collected 10 Qatari companies operating in the construction and contracting sector, in addition to a number of real estate experts and developers in the Kingdom of Saudi Arabia.
The event also witnessed the visit of the Qatari companies to the Diriyah project to identify the future stages of the project.
Qatar Development Bank is organized within the framework of supporting and empowering “Qatar Exports”, the Qatari commercial mission to the Kingdom of Saudi Arabia 2025, with the aim of enhancing economic cooperation between companies in the State of Qatar and the Kingdom of Saudi Arabia. Where the largest Qatari companies, the pioneers of the various sectors in Saudi Arabia, and decision makers are gathered to explore strategic business opportunities.
The effectiveness of the round table focuses on the construction sectors, manufacturing, contracts, and industrial sectors, and provides a unique opportunity to discover the latest solutions, build strategic partnerships, and enhance economic cooperation between the two countries.
Participants have the opportunity to communicate with the pioneers of the sectors, benefit from discussion sessions, bilateral meetings, and field tours, allowing them to explore the Saudi market fast.
This comes within the framework of the Qatar Development Bank’s keenness to provide new initiatives and products aimed at providing financial and logistical support to Qatari exporters, with the aim of enhancing their competition in international markets, in an important step towards achieving Qatar National Vision 2030 that seeks to diversify the national economy and reduce dependence on the energy sector.
The expansion of the Qatari presence regionally and internationally
In the same context, the Qatar Development Bank announced its intention to open regional and international offices under the “Qatar Exports” sign in the Gulf Cooperation Council region, and then expand to the world, to form a strategic starting point for expanding the Qatari presence in regional and international markets, and strengthening commercial partnerships between the State of Qatar and neighboring countries and other important markets according to strategic export priorities. Where these offices aim to provide the necessary support to facilitate the entry of Qatari products and services to new markets, to facilitate coordination meetings between Qatari companies and international buyers, and provide Qatari companies with the necessary information about the laws in force in the targeted market, regulations and regulations to be followed and open horizons for Qatari companies.
Support local companies in expanding their businesses
In addition to that, Qatar Development Bank launched a package of innovative and specialized services within the “Going World” package designed to support Qatari companies in expanding their business globally through direct and indirect financing solutions. In terms of financing international buyers, Qatar Development Bank revealed the “credit for buyers” program, through which it provides financial funding for international buyers to buy goods and services from the Qatari exporting companies. Through this program, the bank can provide competitive credit solutions to the customers of the exported Qatari companies around the world, according to the privileges of competing with major international export credit agencies. Where it has become possible to provide funds, guarantees and insurance that extends up to 20 years according to the needs of the importer, which would enhance the demand for Qatari products and include them in global projects.
Funding regional projects
The bank also reported the adoption of long -term credit limits of 2.7 billion riyals, directed to buyers from the Gulf Cooperation Council countries, and also pointed to the study of a number of deals to finance regional projects at the present time, which will directly affect the inclusion of Qatari exports from services and goods through them. The bank also adopted approximately 500 million riyals in medium -term credit lines for banks in the Middle East and North Africa, enabling Qatari exporters to engage more in global supply chains.
As for export financing, the “Financing Financing” program provides direct and indirect financing solutions, designated for companies wishing to start their international operations or expand their activities abroad, through guarantees provided by Qatar Development Bank for a Qatari partner bank or international financial institution or to provide financing directly according to regulations and conditions.
The package also includes the “Covering the Total Commercial Credit Activity Movement” program that provides the updated and necessary insurance for Qatari exporters from post -shipping risks; In the event that accredited buyers outside Qatar are unable to pay the value of exported products. According to flexible and effective mechanisms, it saves time and effort on companies.
Financial contracting contracts internationally
Qatar Development Bank also revealed the “International Contracting Contracts Financing” program to provide indirect and designed financing for the support of Qatari contractors who work in international projects, where the product provides a guarantee of Qatari partner banks or international financial institutions that fund these projects, in a manner that ensures the provision of reliable and safe financing. The program covers the costs related to various types of international projects, including ready -made projects contracts, construction projects, technical and consulting contracts according to medium and long -term plans. This program is expected to support the international expansion of Qatari contractors, which enhances the growth of the export sector in the country.